The Best Price to Buy Apple

A break under AAPL's 50-day moving average could result in a pullback

   

Apple (NASDAQ:AAPL) – With strong earnings and product development second to none, every major research organization has a “strong buy” rating on this stock.

But it has been in such a powerful bull market with rare pullbacks that it has been difficult to purchase AAPL stock at a “bargain price.” However, the current stock market decline may offer an excellent opportunity to own stock in this enormously successful company.

A break under its 50-day moving average (blue line) could result in a pullback to around its 200-day moving average at $340. Buy AAPL on a pullback.

Trade of the Day - Apple Stock (NASDAQ: AAPL)

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Article printed from InvestorPlace Media, http://investorplace.com/2011/08/trade-of-the-day-apple-stock-nasdaq-aapl/.

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